Dodge & Cox 13F: Cuts Norfolk Southern (NSC) Stake by $1.1B
Dodge & Cox cut its Norfolk Southern stake by nearly 35%, now holding 6.26 million shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
Dodge & Cox sold 3,366,135 shares from its stake in Norfolk Southern Corporation ($NSC), a 34.98% decrease, according to a 13F filing with the SEC dated May 14, 2026. It reported 6,257,750 shares worth $1.98 billion at the end of the quarter.
Since the filing, $NSC is down 1.9% after 1 week, down 2.3% after 1 month and up 3.3% to date (from the $316.39 close on May 14, 2026).
NSC
Norfolk Southern Corporation
Key Points
- Dodge & Cox reduced its holdings in Norfolk Southern by 3,366,135 shares, a 34.98% decrease, now holding 6,257,750 shares.
- Norfolk Southern trades at $310.53 with a market cap of $69.74 billion and a P/E ratio of 26.18.
- The filing reflects Dodge & Cox's position as of the reporting period, not necessarily its current holdings.
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Dodge & Cox recently filed a notice with the SEC, revealing a significant cut in its stake in Norfolk Southern Corporation. The investment firm reduced its holdings by 3,366,135 shares, or nearly 35%, leaving it with 6,257,750 shares valued at approximately $1.94 billion. This change was disclosed in a 13F filing, which reports holdings as of the end of the reporting period.
What Changed in Dodge & Cox's Norfolk Southern Position
Dodge & Cox's move saw its shares in Norfolk Southern drop from 9,623,885 to 6,257,750, a reduction of 3,366,135 shares. This cut represents a 34.98% decrease in its position, reflecting a shift in the firm's investment strategy. The reported value of the remaining shares is about $1.94 billion.
Norfolk Southern Corporation Stock Down 2.2%
Shares of Norfolk Southern Corporation are currently trading at $310.53. The railroad giant has a market capitalization of roughly $69.74 billion and a P/E ratio of 26.18, indicating its valuation relative to earnings. The stock has experienced a 52-week range with a low of $247.85 and a high of $326.00. Norfolk Southern's beta of 1.272 suggests it is moderately more volatile than the market. As of its last close, the stock was priced at $308.93.
About Norfolk Southern
Norfolk Southern Corporation, headquartered in Atlanta, Georgia, operates in the industrials sector, specifically in rail transportation. The company moves a variety of goods including agricultural products, chemicals, metals, and automotive parts across the United States. With a workforce of 19,300 employees, Norfolk Southern also operates an intermodal network and facilitates overseas freight through various ports.
Bottom Line
Dodge & Cox's decision to reduce its stake in Norfolk Southern by nearly 35% is a noteworthy development for investors tracking institutional moves. While the filing provides a snapshot as of the reporting period, it does not necessarily reflect the firm's current position. Investors often watch such filings to gauge institutional sentiment and potential impacts on the stock.
Related Filing Alerts
Source: Dodge & Cox's 13F filing on $NSC (May 14, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Dodge & Cox 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts